qiibee x EY Blockchain Summit – Survey Results

Key Results of the Survey

Which technologies are C-Level executives most likely to adopt?

What are the top fears/doubts that come with the adoption of Blockchain?

• Top Voted Fears:

  • Lack of know-how

  • Lack of right skillset

  • Privacy

  • Security

  • Traceability

  • Efficacy

  • Level of trust

What are the primary ambitions for blockchain adoption?

Do you support the use and/or use cryptocurrencies?

• 73% of C-level execs voted NO, that they wouldn’t use cryptocurrencies
• 27% voted YES, that they have or are planning to use cryptocurrencies
• Some of the reasons why participants voted NO:

• • • Cryptocurrencies are associated with fraudulent activities

    • They are a volatile asset

    • Low adoption

    • The market isn’t mature enough

    • Lack of traceability

NFTs, just a temporary hype or a topic of the future?

• 41% voted YES

  • Some of the utilities for NFTs stated by these execs included: Marketing, Play to Earn/Gamify, Collectibles

• 33% voted NO

• 26% didn’t know what NFTs are

Key Takeaways (TL:DR)

• 89% of C-Level Executives are ready to invest in technologies of the future including blockchain with another 41% stating that NFTs are here to stay and have long-term potential.

• Some of the notable fears of adopting the blockchain included: lack of know-how, lack of traceability, privacy, and security among other things.

• The top 3 primary utilities of adopting blockchain as stated by the C-level executives, included: Token Economy, Traceability, and Business Relationships Through a Smart Contract.